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Cruz Cobalt Corp.
Summary
| Project: | Hector | |
|---|---|---|
| Deposit: | Hector | |
| Location: | Canada | |
| Commodities: | Cobalt-Copper-Gold-Silver | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-1-2019: Cruz Cobalt Corp. announces an Exploration/Drilling Update report for its Hector deposit at the Hector project. Drilling results incl. 10.88m @ 66ppm Co, 132ppm Cu from 5.12m. Vancouver, British Columbia--(Newsfile Corp. - January 28, 2019) - C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kristopher Raffle (APEX Geoscience Ltd.) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - January 28, 2019) - Cruz Cobalt Corp. (TSXV: CUZ) (OTC Pink: BKTPF) (FSE: A2DMG8) (the "Company") would like to provide an update regarding its Hector Cobalt Property. During November and December 2018, the Company completed an exploration diamond drill program at its 4,980 acre Hector Cobalt Property located near the town of Cobalt, Ontario comprising 10 holes totaling 843 metres (m). The drilling was designed to test combined surface rock and soil geochemical and ground magnetic geophysical anomalies at the Hector and Gilles East targets, which were generated during the Company's summer 2018 surface exploration programs that yielded surface rock grab samples up to 2.0% cobalt, in addition to anomalous silver and gold values (see the Company's News Release dated September 18, 2018). A series of 4 closely spaced shallow drill holes totaling 395 m tested the Hector anomaly; 3 holes totaling 264 m targeted Gilles East 1; and 3 holes totaling 185 m at the targeting Gilles East 2 were completed (Figure 1). Cruz President, James Nelson, stated "While our initial drilling results at Hector did not meet our expectations, they resulted in the discovery of broad zones of structurally controlled anomalous cobalt-copper values that we believe may point to potential zones of deeper basement unconformity-associated mineralization well-documented within the Cobalt camp. We remain confident in our systematic approach to target generation combining surface geochemistry and geophysical surveys, especially given that the drilling to date is concentrated within a relatively small area comprising approximately 10% of overall Hector Cobalt Property." | |
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